Circular No. 3.449

CIRCULAR No. 003449 ------------------ Provides for the calculation basis and the collection of contributions to the Credit Guarantee Fund (FGC) for the special guarantee of term deposits referred to in Resolution No. 3.692 of 2009. The Board of Directors of the Central Bank of Brazil, in an extraordinary session held on 31 March 2009, based on arts. 9 of Law No. 4.595 of 31 December 1964, 3, § 2, of Annex II to Resolution No. 3.251 of 16 December 2004, and 6 of Resolution No. 3.692 of 26 March 2009, D E C I D E D: Art. 1 The amounts of the contributions of the institutions associated with the Credit Guarantee Fund (FGC) relating to term deposits, without issuance of a certificate, with special guarantee to be provided by that fund, as provided for in Resolution No. 3.692 of 26 March 2009, must be calculated based on the sum of the monthly average of the daily balances recorded in the following subaccounts of the Chart of Accounts for Institutions of the National Financial System (Cosif): 4.1.5.10.21-2 Non-Linked - Without Certificate - With Special FGC Guarantee 4.1.5.10.31-5 Linked - Without Certificate - With Special FGC Guarantee. Art. 2 For the purpose of collecting the contribution referred to in this circular, the provisions of arts. 2 to 6 of Circular No. 3.327 of 26 September 2006 apply. Art. 3 The amounts relating to the calculation basis and the collection of the ordinary contribution and the special contribution must be reported by the institutions associated with the FGC, as well as by the institution accredited by that fund, by means of segregated records. Art. 4 This circular enters into force on the date of its publication. Brasília, 31 March 2009. Alexandre Antonio Tombini Director